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3 years ago

What types of money are included in the M2 category? Check all that apply.

Business

1 answer:

RideAnS [48]3 years ago

8 0

Answer:

A B C E

Explanation:

on edge :)

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g During Year 2, the company experienced the following events: Purchased inventory that cost $5,200 on account from Ross Company

meriva

Answer:

a) I used an excel spreadsheet to record the T-accounts

the closing entries would be:

Dr Sales revenue 12,100

Dr Purchase discounts 48

Dr Interest revenue 600

Dr Gain on sale of land 1,500

Cr Income summary 14,248

Dr Income summary 8,512

Cr Cost of goods sold 6,450

Cr Sales returns 1,680

Cr Sales discounts 242

Cr Distribution costs 140

Dr Income summary 5,736

Cr Retained earnings 5,736

b) Ross Company

Income Statement

For the year ended December 31, Year 2

Revenues:

Sales revenues $12,100
Sales returns ($1,680)
Sales discounts ($242) $10,178

Cost of goods sold ($6,450)

Gross profit $3,728

Expenses:

Distribution costs ($140) ($140)

Operating income $3,588

Other sources of income:

Gain on sale of land $1,500
Interest revenue $600 $2,100

Net income before taxes $5,688

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8 0

3 years ago

Which is an example of a withholding you might see on your paystub.

zvonat [6]

The choice b is the answer

4 0

3 years ago

Please help economics

sergeinik [125]

I’m pretty sure the answer to your question is a

4 0

2 years ago

Read 2 more answers

QS 12-15 Computing financing cash flows LO P3 The following information is from Princeton Company’s comparative balance sheets.

natulia [17]

Answer:

cash received from issuance234,000

cash used for dividends 24,000

Explanation:

Common stock 111,000 104,000

Paid -in excess of par 571,000 344,000

RE 317,500 291,500

Common Stock Paid-in Excess RetainedEarnings Cash

Debit Credit Debit Credit Debit Credit Debit Credit

104,000 344,000 291,500 7,000 227,000 234,000

Balance111,000 Balance: 571,000 50,000

24,000 24,000

Balance: 317,500

Beginning Earnings + Income - Dividends = Ending

Dividends= Beginning + Income - Ending

Dividends= 291,500 + 50,000 - 317,500 = 24,000

7 0

3 years ago

Licensee Keira is acting as a limited service agent to list the property only. Her first meeting with the client takes place at

Agata [3.3K]

Answer:

Disclose the condition of the roof, as she is aware of the leak.

Explanation:

THESE ARE THE OPTIONS FOR THE QUESTION

Tell the buyer's agent she is acting as a limited service agent and to ask the seller.

Tell the buyer's agent she has no knowledge of the property's condition.

Disclose the condition of the roof, as she is aware of the leak.

Go to the property and inspect the roof more closely.

Keira been a limited service agent owes a duty to disclose fact as regards materials property that she is aware of. Since, the seller talked about the condition of the roof when they met, her failure to disclose the fact about it could make her to be guilty of misrepresentation

3 0

3 years ago